Four out of every five dollars of wealth generated in 2017 ended up in the pockets of the richest 1%, while the poorest half of humanity got nothing, a report published by Oxfam found on Monday. As global political and business leaders gather for this week’s World Economic Forum annual …
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Tourist arrivals in Greece hit record high and so do tourism revenues Jan-Sept 2017
Tourist arrivals hit a record high and consequently also the revenues from tourism, the Bank of Greece said in a report on the first nine months of the year 2017. A total of 26 million tourists arrived in Greece between January-September 2017, recording a rise of 8% when compared to …
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Eldorado Gold reports in-line 2017 gold production incl projects in Greece
Shares in Eldorado Gold were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical reports and potential subsequent capital requirements.” In a press release, the Vancouver-based miner revealed that, including …
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“Human irresponsibility and bureaucracy” reason 24 people died in Mandra flash floods, say inspectors
Extreme weather caused the flash floods in Mandra, but “human irresponsibility and bureaucracy” are the causes for the tragedy that took the lives of 24 people in Mandra, West Attica, one and a half month ago. These are the findings of a research conducted by inspectors at the General Inspector …
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Greece’s Parliamentary Budget Office report with a €84.3-billion error
The Parliamentary Budget Office (PBO) predicted, Greece could be on the verge of bankruptcy again, in a couple of years. In its quarterly report assessing the Greek state budget for the years 2020-2026, the PBO said on Monday, that interests that should be paid in this period of time to …
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Labor Institute INE draws a grim picture of real Greek economy, sets unemployment much higher
The report of Labor Institute of the private sector union GSEE (INE) draws a grim picture of the Greek economy – despite the government narrative about the positive outlook. “The Greek economy is looking for an upward venture,” said one of the INE directors who presented the report. However, “evidence …
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Greece among the countries with the most slave labor within the EU
The European Union recorded the largest increase in slavery of any world region in 2017, with the arrival of more than 100,000 migrants, many of them extremely vulnerable to exploitation, analysts said on Thursday. Greece, Italy, Cyprus. Romania and Bulgaria are the countries with the most slave labour within the …
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Diplomatic sources dismiss FT report ‘Greece had blocked sanctions against Venezuela’
Greek diplomatic sources categorically denied for a second time on Friday a Financial Times report which claimed that Greece had blocked calls for sanctions against Venezuela after diplomatic talks in Brussels. According to the sources, the report contains “false information that creates false impressions and distorts the truth”, adding that …
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MSF: Dramatic deterioration for vulnerable asylum seekers on Lesvos
Médecins Sans Frontières (MSF) has released a new report highlighting the drastic deterioration of the care and protection for vulnerable people in Lesbos, Greece, who have fled from violence and wars in Syria, Iraq, Afghanistan and suffer from post-war psychological trauma. “Vulnerable people are falling through the cracks and are …
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The Purrfect Entrepreneurs of Antiparos – Cats in the Aegean (pictures)
They are everywhere on the island. Except at the beach – and this is for the obvious reasons: the beach is too sandy and too salty. They work day and night with the purrpose to offer the best services to tourists who flock from all over the world to enjoy …
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Greece’s SEV says ‘Growth will not come with hair salons, gyms and funeral parlors’
Hair salons, dry cleaners, funeral parlors, electronic repair shops and gyms. These are the businesses that flourish in crisis-stricken Greece, the Hellenic Federation of Enterprises (SEV) said in its bulletin issued this week. But such businesses do not bring growth, SEV underlines. Such businesses will not bring growth, as the only …
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Erdogan orchestrated July 15 Coup in Turkey, claims SCF in Sweden
The failed coup attempt on July 15 2016 in Turkey was orchestrated by President Recep Tayip Erdogan, Stockholm Center for Freedom (SCF) claims. “It was a pretext for a mass persecution of critics and opponents in a state of perpetual emergency,” the SCF concluded in its researched report ‘July 15: …
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Clean Beaches 2017 report for Athens, Attica and surrounding areas is out
The clean beaches report for summer 2017 has been released a couple of days ago. the report refs to beaches in the Attica region Several beaches one can reach with public transport means like buses and the Tram and beaches that one is better to use private vehicle as it …
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IMD Competitiveness report 2017: Greece ranks 57th among 63 countries
How can Greece be competitive when the taxation system changes once a year, liquidity is a rarity, capital controls tie the hands of entrepreneurs and investors and the tedious negotiations with international creditors undermines the atmosphere in the Greek economy? The answer is simple: it can’t. In the Swiss-based International …
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ECB report: Youth unemployment in Greece, Spain and Slovakia in largest decline within EZ
Slovakia, together with Spain and Greece, are the countries with the largest decline in the youth unemployment within the eurozone area. According to a report of the European Central, the unemployment rate among workers between 15 and 24 years old, dropped in the years 2013 to 2016. The study uploaded …
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EU auditors warn Hot Spots in Greece and Italy are overwhelmed
European Union auditors say that migrants centers – the famous Hot Spots – set up in Greece and Italy to fast-track the registration of migrants are overwhelmed and urgently require more experts, particularly to help children. In a report released Tuesday, the auditors say that two more centers known as …
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Only 1:10 unemployed Greeks receives unemployment allowance of €360
Only one in ten unemployed Greeks receives the unemployment allowance of 360 euro per month. Each unemployed remains out of the labor market for more than two and a half years. At the same time, 350,000 families have no working member. The latest data released by Greek Labor Agency (OAED) …
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ECB Draghi had no right to close Greece’s banks
The decision of the European Central Bank to freeze the emergency liquidity in summer 2015 and force the Greek government to close the countries bank was possibly not legal. This is stated in the Italian daily Il Manifesto that quotes Fabio de Masi, member of German Die Linke in the …
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IMF chief economist Blanchard warned in May 2010 Greece program was not going to work
A report by Olivier Blanchard, a former economic at the International Monetary Fund, has been presented at a meeting organized by the Canadian think tank Centre for International Governance Innovation end of January. In this report, dated 4. May 2010, then chief economist at the IMF, Olivier Blanchard was warning …
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IMF vs EU Commission on Greece debt sustainability – Poll
The fronts remain unmovable: the International Monetary Fund and the EU lenders are stuck in their position regarding Greece debt sustainability. Big boys and girls playing with numbers, false multipliers and wrong forecasts on the back of millions of Greeks. Big boys and girls playing with the fates of millions …
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